| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES
Chapter 4:
Section: 40A:4-55.18: Distressed municipality defined
As used in this act the term "distressed municipality" means any municipality required to pay a judgment in an amount which would require an increase in the municipal purposes levy for any year in excess of 40\% over the immediately preceding year.
L.1982, c. 66, s. 1, eff. July 12, 1982.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40a:4-55.18 (if available):
Court decisions that cite this statute:
CLICK HERE.